uploads///cancer _

Analyst Recommendations for Varian Medical Systems and Peers

By

Apr. 3 2018, Updated 1:21 p.m. ET

Financial performance of Varian Medical Systems

In 1Q18, Varian Medical Systems (VAR) reported revenues of $679 million, which is a YoY (year-over-year) rise of 13% on a reported basis and an 11% rise on a constant currency basis. It was mainly driven by increased sales of its linac (linear accelerator) systems in the oncology operating segment. The company’s product sales were $366 million, which is an 18% YoY growth. Services accounted for the remaining $313 million of revenues in 1Q18, which was a YoY rise of 7%.

In 1Q18, the company’s oncology operating segment reported revenues of $649 million, which is a YoY rise of 14%. The particle therapy operating segment reported revenues of $29 million, which is a 4% decline on a YoY basis.

Article continues below advertisement

In 1Q18, Varian Medical Systems reported gross orders worth $666 million, which is a YoY rise of 15%. Orders for products in the oncology segment rose YoY by 7%, while there were two new proton device orders in 1Q18. Varian continues to be a leading player in the global radiation therapy market, which is estimated to have grown 4.5% based on total orders since January 2017.

Analyst recommendations for Varian Medical Systems

Of the eight analysts covering Varian Medical Systems in March 2018, three have recommended a “strong buy,” three have recommended a “hold,” and two have recommended a “sell.”

Analyst recommendations for peers

Of the 17 analysts covering Baxter International (BAX) in March 2018, 50.9% have recommended a “buy.” About 80.0% of the 25 analysts covering Boston Scientific (BSX) stock have recommended a “buy,” and 80.9% of the 21 analysts tracking Abbott Laboratories (ABT) have recommended a “buy.”

In the next part of this series, we’ll look at Varian Medical Systems’ revenue growth prospects.

Advertisement

More From Market Realist

  • Businesswoman looking out a window
    Company & Industry Overviews
    Shifting Focus: Three Women Investing Funds in 2021
  • Aol logo on office building,
    Company & Industry Overviews
    What We Know About Apollo Global Management, New Owners of AOL and Yahoo
  • Chick-fil-A sign
    Company & Industry Overviews
    Why It Only Costs $10K to Own a Chick-fil-A Location
  • Beyond Meat Burger 3.0
    Company & Industry Overviews
    How Is Beyond Burger 3.0 Different and Will It Bring BYND Stock Up?
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.